Kirkland Advises GTCR on Acquisition of Majority Stake in Worldpay

Kirkland & Ellis represents GTCR, which announced today that it has signed a definitive agreement to acquire a majority stake in Worldpay, a leading global provider of payment processing solutions, from FIS® (NYSE: FIS), a global leader in financial services technology. GTCR will acquire 55% of Worldpay, and FIS will retain the remaining 45%, in a transaction that values the business at $18.5 billion. As part of the agreement, GTCR has committed an additional equity capital investment in Worldpay of up to $1.25 billion to pursue inorganic growth opportunities. The transaction is expected to close by Q1 2024.

Read GTCR’s press release
 
The Kirkland team was led by corporate partners Ted Frankel, Daniel Guerin and Sanford Perl, along with tax partners Mike Carew and Adam Kool; technology & IP transactions partners Aaron Lorber and Todd Herst; debt finance partners Jocelyn Hirsch and Thomas Dobleman; capital markets partners Rachel Sheridan, Shagufa Hossain and Tim Cruickshank; investment funds partner Sean Malone; corporate partners Michael Weed, Lee Blum and Neil Vohra; and executive compensation partners Mike Krasnovsky and Deidre Kalenderian.